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Stock Report
Zydus receives Final Approval from the USFDA for Methylene Blue Injection
Posted On : 2023-12-06 16:07:41( TIMEZONE : IST )
Zydus Lifesciences Limited (including its subsidiaries/affiliates, hereafter referred to as "Zydus") has received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Methylene Blue Injection, 10mg/2ml and 50mg/5ml. Zydus' Methylene Blue Injection, 10mg/2ml and 50mg/5ml. is the generic version of the Reference Listed Drug (RLD) ProvayBlue® Injection.
The majority of current market usage is still on the ampoule presentation whereas Zydus is offering a generic version of Methylene Blue injection in vial presentation. From a hospital perspective, vial presentation is an affordable option with significant benefit and advantage. Vial presentation has no risk of Glass particulate contamination like in ampoules and provides various benefits like ease of use, handlings and flexible option with reduced dose waste.
"Zydus is pleased to introduce Methylene Blue Injection, 10mg/2ml and 50mg/5ml in the U.S., continuing our commitment to supply affordable complex generic medications to patients in need and strengthening the U.S. supply chain of care." said Dr. Sharvil Patel, Managing Director of Zydus Lifesciences Limited. "Methylene blue is a cationic thiazine dye that necessitates specialised capabilities and expertise to develop and manufacture the product. The efforts of our team who have worked on the development, filing and manufacturing of Methylene Blue Injection reflects our ongoing commitment to bring complex generic products accessible to patients who need them the most.", he added.
Methylene Blue Injection is an oxidation-reduction agent indicated for the treatment of pediatric and adult patients with acquired methemoglobinemia. Methylene Blue Injection, 10mg/2ml and 50mg/5ml had an annual sale of approximately USD 73.4 mn in the United States (IQVIA MAT Oct-2023).
Shares of Zydus Lifesciences Limited was last trading in BSE at Rs. 633.50 as compared to the previous close of Rs. 633.25. The total number of shares traded during the day was 14100 in over 796 trades.
The stock hit an intraday high of Rs. 643.25 and intraday low of 632.15. The net turnover during the day was Rs. 8989717.00.
